Collision avoidance systems are designed to decrease the accidents and crashes between two vehicles. Such systems involve technologies such as LiDAR, RADAR, ultrasonic, and camera, which monitors the environment of the vehicle constantly and assists the driver by crash warning or by avoiding a collision. The system is capable to detect and warn the driver of potential hazard conditions in the forward, side, and rear regions of the vehicle. The collision avoidance systems have applications in automotive, aerospace & defense, marine, and rail.

Increase in demand for automated vehicles predominantly drives the automobile collision avoidance system market. In addition, improved visibility & enhanced safety supplements the market. However, high installation cost hampers the growth of the market to a greater extent. On the other hand, increase in automotive safety norms and electronic integration in automotive is anticipated to create greater opportunities for market expansion.

The automobile collision avoidance system market is segmented based on type, technology, application, and region. The type covered in the market research report includes adaptive cruise control, autonomous emergency braking (AEB), lane departure warning system, parking assistance, and others (blind spot detection & night vision). The technology discussed in the study are LiDAR, RADAR, ultrasonic, and camera. The application segment includes automotive, aerospace & defense, marine, and rail. The regions considered in the study are North America, Europe, Asia-Pacific, and LAMEA.

3.3.1. High bargaining power of suppliers
3.3.2. High-to-moderate threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. High-to-moderate intensity of rivalry
3.3.5. Moderate bargaining power of buyers